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The Monster Employment Index Canada increased by four points in the second quarter of 2008, hitting 160 points overall amid increased online recruitment activity. Despite the Q2 increase, however, the Index is down by five points or 4 percent overall compared to the Q2 period one year earlier, marking a year-over-year decline for Monster Canada's online recruitment index.
The Monster Employment Index Canada is based on a real-time review of millions of employer job opportunities culled from a large, representative selection of corporate career sites and job boards, including Monster.ca(R).
During the second quarter of 2008, six of 10 occupational categories tracked by the Index showed greater online job demand compared to the previous quarter of 2008, with the remaining four categories registering weaker online recruitment. Index results for the latest quarter, as well as previous quarters, are as follows:
<< ------------------------------------------------------------------------- Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 2008 2008 2007 2007 2007 2007 2006 2006 2006 ------------------------------------------------------------------------- 160 156 151 165 165 149 134 126 123 ------------------------------------------------------------------------- >>
"The Monster Employment Index Canada increased again during the second quarter of 2008 and the latest results continue an upward hiring trend for the first half of 2008," said Peter Gilfillan, Vice President of Sales and General Manager of Monster Canada. "The Q2 results are down from one year ago, however, indicating that employers may be taking a more cautious approach to hiring for the time being."
Online Demand Surges in Manufacturing, Trades & Transport, Management
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Occupations
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Online recruitment activity in manufacturing jobs jumped 11 points to 146 during Q2. The category is now up 20 points or 16 percent compared to the second quarter of 2007.
Online opportunities in trades and transportation also surged, rising 10 points to 130. Despite the rise, the sector is down by seven points compared to one year earlier. Online job availability in management occupations rose by six points to a record high of 152 amid gains in accounting, executive and human resources jobs. Year-over-year, that category is up by 27 points overall.
Other industry categories registering increased online job availability during the quarter include: art, culture, recreation and sport, rising six points to 129 in Q2, but down 24 points year-over-year; social science, education, government and religion, rising four points to 101 in Q2 but down 19 points from a year earlier; business, finance and administration jobs, rising one point to 114 in the quarter but down a point from a year earlier.
In contrast, recruitment among health sector occupations fell 19 points to 130 but remained about one point higher than a year ago. Online recruitment in occupations unique to primary industry fell by six points to 193 but was up 16 points year-over-year. Sales and services jobs saw online recruitment decline by five points to 124 in the quarter and that sector is down by about five points from a year earlier. Natural and applied sciences, including IT and computer-related occupations, dropped by five points to 157 in the second quarter, but remains 23 points higher year-over-year.
Online Job Availability Rises in Seven Provinces
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During the second quarter of 2008, online job availability increased in seven Canadian provinces and declined in three provinces plus the territories tracked by the MEI.
In Central Canada, online recruitment activity in Ontario declined by four points to 148 amid weaker activity in business, finance and administration jobs, health occupations and sales and services. Online recruitment in Quebec, meanwhile, rose 22 points to a record high 158 amid stronger demand in trades and transportation, management, sales and services, and business and finance occupations.
In the West, British Columbia saw online recruitment fall by one point to 136 amid weaker activity in the health sector as well as in sales and services and management jobs. Online recruitment increased in Alberta by one point to 148, in Manitoba by one point to 141 and in Saskatchewan by six points to 133, all amid increased activity in trades and transportation, business and finance, and management jobs.
In Eastern Canada, PEI saw online recruitment soar by 39 points to 136, Nova Scotia was up by 32 to 144 and Newfoundland/Labrador rose 14 points to 177. Online opportunities in New Brunswick declined by about one point to 113.
Online Job Availability Rises in Eight of 13 Major Cities
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Online recruitment activity rose in eight of the 13 major cities monitored by the Index, with Halifax, Quebec City and Montreal leading the way.
Online recruitment in Halifax soared by 53 points in Q2 and is up year-over-year by 9 percent amid strong activity in trades and transportation, sales and services, and management jobs.
In Quebec, where Q2 recruitment was strong among trades and transportation, sales and services, management, and business and finance jobs, Montreal saw a 17-point increase in the period and is now up 15 percent year-over-year. Quebec City saw online recruitment rise 21 points during Q2 and is up 9 percent year-over-year.
Online opportunities in Toronto fell by 12 points, and is down 13 percent year-over-year, amid weaker demand in management, business, sales and services and healthcare occupations. Ottawa-Gatineau lost four points, and is down 3 percent year-over-year, amid lower demand for workers in natural and applied sciences, including IT jobs, business, and sales and services. Kitchener fell six points and is down 7 percent year-over-year. Hamilton saw activity increase by three points, and is up year-over-year by 7 percent.
In the West, Vancouver was down by four points and is down by 11 percent year-over-year. Edmonton edged lower by one point and is now down by 6 percent year-over-year. Calgary added one point to remain unchanged from one year earlier, and Winnipeg also rose by one point, but recruitment is down by 12 percent from one year earlier.
Regina increased by six points during the quarter and is ahead by 3 percent year-over-year, while Saskatoon rose by three points and is up by 3 percent from one year earlier.
About the Monster Employment Index Canada
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The Monster Employment Index Canada is a broad and comprehensive quarterly analysis of Canadian online job demand conducted by Monster Worldwide, Inc. (NASDAQ: MNST), parent company of the leading global online careers and recruitment resource Monster(R). As the first national index measuring real-time online job demand, the Monster Employment Index Canada is based on millions of online job postings and data culled from Monster Canada (www.monster.ca), as well as a number of other recruitment Web sites considered representative of employer activity nationwide.
With data collected since April, 2005, the Index uses a consistent methodology to track overall online job demand in Canada, providing Canadian labour-market watchers with a new forward-looking indicator of employer demand for employees. All of the data and findings in the Monster Employment Index Canada are validated for accuracy through third party auditing conducted by U.S.-based Research America, Inc. Index reports can be accessed and subscribed to free-of-charge online at http://corporate.monster.com/Press_Room/MEI.html.
The next report of the Monster Employment Index Canada will be released in October, 2008. To obtain a full copy of the Monster Employment Index Canada report for the second quarter of 2008, including all charts and tables, or subscribe and have future reports emailed to you on a quarterly basis please visit http://corporate.monster.com/Press_Room/MEI.html.
About Monster Canada
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Monster Canada (www.Monster.ca) is Canada's leading online career resources portal - a bilingual, user-friendly site that is improving the employment and recruitment experience in today's competitive job market. Headquartered in Montreal, Monster Canada is part of Monster, the leading global careers and recruitment resource online. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 Index and the NASDAQ 100. To learn more about Monster's industry-leading employer products and services, please visit http://solutions.monster.ca.
About Monster Worldwide
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Monster Worldwide, Inc. (NASDAQ: MNST), parent company of Monster(R), the premier global online employment solution for more than a decade, strives to inspire people to improve their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 Index and the NASDAQ 100. To learn more about Monster's industry-leading products and services, visit www.monster.com.
Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's control, may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
SOURCE: MONSTER.CA
Robert Waghorn, Communications Manager, Monster Canada, (514) 350-0702, robert.waghorn@monster.ca; Louise Heggie, Porter Novelli Canada, (416) 422-7209, louise.heggie@porternovelli.com
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